|SEASON 11 EPISODE 7|
|Pitch||peanut butter pump|
|Asked For||$200,000 for 15%|
What is Peanut Butter Pump?
As the name would suggest, the Peanut Butter Pump dispenses the tasty, nutty brown paste. The ideal solution for those seeking convenience from having to stick a knife in the jar and spread it. The pump helps keep the kitchen cleaner and more organized by creating fewer utensils to wash. Made of silicone and plastic, it can fit most peanut butter jars leaving nothing to waste. The peanut butter comes out in a stream, dispensing three tablespoons per pump, even the crunchy variant. It’s also easy to clean.
Who Founded Peanut Butter Pump?
Creator Andy Scherer who likes to be known as “The Nutty Inventor” came up with the idea for the Peanut Butter Pump. Andy used to work in the financial service industry for many years but lost his job in 2016. With time on his hands, he played around with designs in his garage and kitchen, testing out his new idea. Andy remains the head of the company, selling the dispenser through online channels. Its viral popularity sometimes creates pre-order waiting periods.
Andy, a lover of peanut butter and jelly sandwiches, got the idea while preparing his favorite food. Both for himself and his kid’s school lunch. He often wondered if it wouldn’t be easier if there could be a pump to dispense the peanut butter. Seeing that it’s sticky, messy and, can break up the bread. After his retrenchment, Andy got the ball rolling on his idea for the peanut butter pump.
With more free time now and extra motivation to provide for his family, Andy got to work designing his long pondered invention. He raised close to $135,000.00 on IndieGoGo from investors. And he was even featured on an episode of Good Morning America in 2019 describing his idea. The product proved to be a massive hit, and interest went viral. Before his appearance on Shark Tank, the product had not yet gone into production or shipping.